Mortgage Calculators

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Adjustable Mortgage Calculator

Decide if an ARM loan fits your financial needs with this adjustable mortgage payment calculator

Do you wonder how much your monthly mortgage payments would be with an adjustable rate mortgage (ARM) loan? Use this adjustable mortgage loan calculator to help you decide if an ARM loan is the right financing choice for your situation. Depending on your terms, an ARM loan could help you pay less on what you borrow in the long run, with lower interest rates at the beginning of your loan.

Estimate your total monthly payments with this easy-to-use adjustable mortgage calculator. Simply fill out the fields below and find out if an adjustable rate mortgage loan is the financing solution that will work best for your budget.

How much will you pay with an adjustable rate mortgage?

An adjustable rate mortgage (ARM) typically offers lower interest rates than other mortgage loans up front. ARM loans have set adjustment periods during which your interest rate may increase or decrease based on market conditions. However, rate caps are put in place to ensure your ARM interest rate can never increase by more than a certain amount. Use this calculator to find out how much you will pay each month with an adjustable rate mortgage.

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Please correct the following information before continuing.

Adjustable Rate Mortgage Calculator

*Required Field

*Price of house

*Down payment

*Length of mortgage (years)

*Interest rate

Fee and closing costs

The costs associated with the loan, such as escrow, appraisal and document preparation.

Annual homeowners insurance

The amount you pay to insure your property. Pay monthly? Multiply your premium by 12.

*Annual property tax

Property tax is usually calculated as a percentage by your county. Enter the annual percentage.

*Months before first rate adjustment

The number of months the interest rate remains fixed. A 3/1 adjustable mortgage would be 36 months.

*Months between rate adjustments

The number of months between each rate adjustment. Typically 12 months, or once per year.

*Expected interest rate adjustment

The amount you think your interest rate will change over the life of your loan.

*Maximum rate adjustment

Most ARMs have a limit to their adjustments. Please enter the limit to your ARM loan here.

*Interest rate cap

This is the maximum interest rate allowed over the life of your loan.

Your results:
Your starting payment is approximately per month. When accounting for principle, interest, tax and insurance your initial payment is . Your payment will adjust every months starting with month . If you are comfortable with this variability in payment then an adjustable rate mortgage may be the right option for you. You might want to consider a fixed rate mortgage as well where the interest rate and payment remain the same for the life of the loan.

Adjust your interest rate 0%

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Year	Payment	Principal	Interest	Balance

What to do after you’ve completed the adjustable mortgage payment calculator

Now that you’ve filled out our helpful adjustable mortgage loan calculator, we’re here to walk you through the complete mortgage loan process. From finding the adjustable rate mortgage information you need to learning about our attractive ARM rates, our goal is to help you feel comfortable in your financing decision as you pay less on what you borrow.

We’ll also provide you with the mortgage information you need and help you compare mortgage options to guide you to the financing choice that you can be comfortable with.

Start your online mortgage application today!

Looking for more resources?

If you’re undecided about whether an adjustable rate mortgage loan is the right choice for you, learn more about our other options and compare their features.

In addition, we’ve created a variety of Nationwide Bank calculators to help you pay less on what you borrow and earn more on what you save.

Or call 1-877-636-0598 for live customer care Monday through Friday, 8 a.m. to 9 p.m. EST.

And remember, Nationwide offers affordable homeowners insurance options to keep you protected.

Insurance products offered through Nationwide Insurance are NOT insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank.

Calculators are provided to help you determine how a loan, line of credit or a deposit product may affect your budget. The results offered are estimates and do not guarantee available loan terms, cost savings, tax benefits, etc. Nationwide Bank does not offer a guarantee of the calculator results.

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Nationwide Mutual Insurance Company, Nationwide Mutual Fire Insurance Company, Nationwide Life Insurance Company, Nationwide Life and Annuity Insurance Company and Nationwide Investment Services Corporation are affiliates of Nationwide Bank. The insurance products and services offered through these affiliates of Nationwide Bank are not insured by the FDIC or any federal government agency, nor are they guaranteed by, deposits of or obligations of Nationwide Bank. The products and services offered through Nationwide Investment Services Corporation are subject to investment risk, including possible loss of value.

Programs (including, without limit, fees, rates and features) are subject to change without notice.

Nationwide Bank, Member FDIC, is a federally chartered savings bank.

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